PPG Industries (NYSE:PPG) Given New $132.00 Price Target at The Goldman Sachs Group

PPG Industries (NYSE:PPG) had its price objective raised by The Goldman Sachs Group from $118.00 to $132.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

A number of other analysts have also recently commented on PPG. UBS Group dropped their price target on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Bank of America cut their price target on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a research report on Friday, October 31st. Finally, Citigroup boosted their price objective on PPG Industries from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $123.33.

PPG Industries Stock Performance

Shares of PPG opened at $116.44 on Thursday. PPG Industries has a 1 year low of $90.24 and a 1 year high of $123.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. The stock’s fifty day moving average price is $104.80 and its two-hundred day moving average price is $105.59. The firm has a market cap of $26.13 billion, a PE ratio of 16.78, a PEG ratio of 3.40 and a beta of 1.17.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts forecast that PPG Industries will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio is currently 64.40%.

Insider Buying and Selling at PPG Industries

In other news, CFO Vincent J. Morales sold 5,200 shares of PPG Industries stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $110.00, for a total transaction of $572,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,128,290. This trade represents a 15.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PPG Industries

Hedge funds have recently bought and sold shares of the stock. Capital Advisors Ltd. LLC grew its stake in PPG Industries by 127.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 125 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of PPG Industries during the 3rd quarter worth $26,000. Dorato Capital Management purchased a new position in PPG Industries in the fourth quarter worth $26,000. Quarry LP bought a new position in PPG Industries in the third quarter valued at $26,000. Finally, Root Financial Partners LLC purchased a new stake in PPG Industries during the third quarter valued at about $30,000. 81.86% of the stock is currently owned by institutional investors.

Key PPG Industries News

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Major broker raises: Wells Fargo raised its target to $135 and kept an overweight rating (largest upside among revisions). Benzinga
• Positive Sentiment: Goldman Sachs raised its target to $132 and rates PPG a buy — a meaningful bullish endorsement. Benzinga
• Positive Sentiment: Citigroup increased its target to $132 and upgraded to buy, signaling confidence in PPG’s medium‑term outlook. Benzinga
• Positive Sentiment: JPMorgan bumped its target to $126 and kept an overweight stance, another institutional vote of confidence. Benzinga TickerReport
• Positive Sentiment: Jefferies raised its target to $125 with a hold rating, and Mizuho raised to $125 with an outperform — more upward pressure on consensus fair value. Benzinga
• Positive Sentiment: UBS lifted its target to $122 (neutral), adding to the cluster of higher analyst valuations. Benzinga
• Neutral Sentiment: Royal Bank of Canada nudged its target to $115 but keeps a sector‑perform rating (slight implied downside vs. current price). Benzinga
• Neutral Sentiment: Broader coverage and research pieces (Zacks, Seeking Alpha) highlight PPG as a longer‑term value/earnings‑watch idea but are not driving immediate directional conviction. Zacks
• Negative Sentiment: Q4 results: PPG reported a Q4 EPS miss (EPS below estimates) despite a revenue beat and 5% y/y sales growth; management noted softer European and industrial markets into 2026. Yahoo Finance
• Negative Sentiment: FY‑2026 guidance came in at $7.70–$8.10 EPS vs. consensus ~8.06, which tempers upside and is cited by some analysts as a reason for cautious near‑term outlook. Investing.com

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.